---
title: "GB-Sheffield: External Audit of British Growth Partnership (BGP) Fund"
ocid: "ocds-b5fd17-50a61c74-820b-4f8a-a4d2-907586497422"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-50a61c74-820b-4f8a-a4d2-907586497422"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-50a61c74-820b-4f8a-a4d2-907586497422.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-50a61c74-820b-4f8a-a4d2-907586497422.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "British Business Bank"
published: "2026-10-23"
---

# GB-Sheffield: External Audit of British Growth Partnership (BGP) Fund

Buyer: British Business Bank  
Current stage: Award  
OCID: ocds-b5fd17-50a61c74-820b-4f8a-a4d2-907586497422

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## Summary

British Business Bank procured annual external audit services for British Growth Partnership (BGP) Fund I LP. The requirement is to provide an annual external audit of the fund, rather than a broader audit or financial advisory service. The buying organisation is British Business Bank, based in Sheffield. The procurement is for auditing services; the stated delivery locations span the United Kingdom and several international areas, including Europe, the Channel Islands and the Isle of Man. This gives the requirement a broad geographic reach, although the core work is the recurring audit of a specific investment fund. The selected supplier is an audit firm able to undertake external fund audits for a public financial institution.

The procurement is complete and the contract was awarded to Grant Thornton UK LLP. The award date was 20 February 2026. The awarded value is £350,200. The contract period runs from 12 October 2026 to 31 July 2029, covering annual external audits of BGP Fund I LP. The requirement was competed further through the Government Commercial Agency’s Audit and Assurance Services Two framework. The tender deadline was 9 January 2026. The procurement is classified as a services contract. The published process records the tender as complete and the award as active. No lots are identified. No evaluation criteria or eligibility requirements are stated in the available procurement information.

For audit firms, this award demonstrates recurring demand from British Business Bank for an annual external audit of a dedicated investment fund. A credible competitor would need established external-audit capability and relevant experience auditing investment funds, together with the capacity to deliver annual audit work across a multi-year engagement. The successful provider was a large audit firm, indicating that experience and organisational capacity to serve a public financial institution are relevant benchmarks for this requirement. The procurement was run as a further competition under the Audit and Assurance Services Two framework, so access to that framework would be important to compete through the same route. Firms seeking similar work should be able to support the audit of a fund with an international delivery footprint, while keeping the offer focused on statutory-style external audit rather than unrelated financial services.

## Notice

The British Business Bank require the provisions of an annual external audit of BGP Fund I LP. This was procured via a further competition using GCA's Audit and Assurance Services Two (A&AS2) Framework Agreement - RM6310 Additional information: This was procured via a further competition on GCA's Audit and Assurance Services Two (A&AS2) Framework Agreement - RM6310

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1cb23380-9b46-49c9-a99a-e4e3bbba0091 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 20 Feb 2026 |
| Contract period | 12 Oct 2026 - 31 Jul 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £350,200 |
| Lots value | Not specified |
| Awards value | £350,200 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | British Business Bank |
| Locality | SHEFFIELD |
| Postcode area | Sheffield |
| Postcode | S1 2GQ |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE3 South Yorkshire |
| ITL 3 | TLE32 Sheffield |
| Local authority | Sheffield |
| Electoral ward | City |
| Westminster constituency | Sheffield Central |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Grant Thornton UK LLP |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79212000 - Auditing services

## Release History

- 23 Oct 2026 at 10:30 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1cb23380-9b46-49c9-a99a-e4e3bbba0091

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1cb23380-9b46-49c9-a99a-e4e3bbba0091
  23rd October 2026 - Awarded contract notice on Contracts Finder
- https://www.delta-esourcing.com/delta/respondToList.html?noticeId=1077814666
  Please follow this link to view the notice.

## Provenance

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